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corsicanguppy ,

Oh, we can only hope!

profdc9 ,

I'd love to see Ryan Cohen short sell the Reddit IPO. What would WSB do?

uis ,
@uis@lemm.ee avatar

WSB will short I guess

abadbronc ,

Don't worry everybody. Our IPO might seem bad, but it's just because our users have absolutely no faith in us.

nix ,
@nix@merv.news avatar

This article was removed from r/wallstreetbets by the mods…

cabron_offsets ,

Regards.

Imgonnatrythis ,

Wrong. It is related to your underlying business.

Also, unfortunately WSB was a one-off. It's a highly monitored and bot infiltrated wasteland now. I hope someone is able to screw the reddit ipo, but it won't be WSB.

SupraMario ,

Apparently reddit hasn't been following wsb... it's likely to help the IPO from regards trying to time the market.

psycho_driver ,

It was a magical place there for a little while.

Pyr_Pressure ,

Ya if anything I would have expected Robinhood to have been destroyed by WSB but it's still kicking at $14.48/share.

They did do a number on it though since it IPOd around $60 and even almost hit $90 there briefly before plummetting to around $8.

Reddit will probably do the same thing, start in the middle but a brief high and then plummet before finding an equilibrium about 1/4 of what reddit initially thought it would be worth.

Imgonnatrythis ,

Yeah, I'm very bummed they didn't kill robinhood. It remains a scumbag organization.

Adalast ,

I've been planning on doing like a 6 month short on it if I have the money because it is going to be tanked hard.

Nastybutler ,

I'm looking forward to shorting the shit out of this stock

Buddahriffic ,

I'd stay away from it entirely. If the total valuation is only a few billion, there's people and organizations that can easily keep the price artificially inflated if they want to kill off some short sellers. And no one will step in to change the rules to save them in this case.

I think the price will go down in the long term, but it's completely unpredictable in the short term. Especially if WSB vocally tries to take one position. I bet there's some big money that still wants to hurt them after the whole GME thing, even though I think most of WSB that tried to get into that also lost money.

If you must get your feet wet, my guess would be that the opposite of what the sentiment of WSB is will make money if you time it right and get out before they realize their losses or their options expire.

xor ,

F.U.D.

Buddahriffic ,

You don't think wall st would enjoy short squeezing WSB if they see shorting a particular stock is popular on there?

xor ,

ah it doesn't matter, at the end of the day it's all blood money laundering...

GreatAlbatross ,
@GreatAlbatross@feddit.uk avatar

And whenever you're trading options for shits and giggles, remember that the market can stay irrational far longer than we can remain solvent.

muffedtrims ,

PUTS on RDDT! LFG!

spongebue ,

One thing I saw after the GameStop thing happened that gave me a bit of perspective: when you buy and sell stock, your risk in the worst case scenario is that a company goes down to zero and you lose everything you put into it. That "everything you put into it" is the limit of your losses. When shorting, there is no practical limit to your losses because there is no upper practical limit to the share value.

Don't get me wrong, I'm in the fuck Spez camp as well (hence me being here). But there is virtually unlimited potential risk to being wrong about this, so keep that in mind.

jerrythegenius ,
@jerrythegenius@lemmy.world avatar

womp womp

PrincessLeiasCat ,

Something something leopards and faces.

yemmly ,

Pretty sure they don’t need any help to make that IPO a disaster.

superduperenigma ,

But it's good to have a few excuses ready to go.

Rai ,

Watch it just KILL

I’d be so hopeless… more than I already am.

wise_pancake ,

The float of shares compared to how much WSB will short this is going to be interesting.

qwertyqwertyqwerty ,

Knowing Reddit, they will likely just find a reason, however valid, to make the sub go permanently dark just before IPO.

IDontHavePantsOn ,

Either that, or send a ton of bots that like the stock for a bunch of reasons as written by chatgpt.

FireTower ,
@FireTower@lemmy.world avatar

Reddit seems like a prime target to short IMO. Not even as a screw Reddit move. I just would never consider investing in them in their current state. Going public was a terrible choice for them.

Imgonnatrythis ,

For who? I bet it was a good enough choice for a few people to get very rich off of before it burns to the ground.

GluWu ,

Look, when you lose 70% of your investment, IT'S NOT OUR FAULT. Please blame retail investors that can afford $1k worth each. That $200m that spuz will be dumping and the 8% that computercuck boi has, well that's nothing. Forget about that. It's our own users fault.

wise_pancake ,

I’m starting to think this is why they’re giving shares to Redditors, it’s someone to sell while the options are flying.

dimath ,

That's what they want them to believe, that they are very important. Good for the stock price.

Windex007 ,

How would convincing people that their plan to short the stock might be a legitimate risk (encouraging shorts) be good for the stock price?

Crack0n7uesday ,

Asking about the value of reddit on reddit seems like it would contribute to the value of reddit...

Windex007 ,

If the resounding answer is "we should short it", then the contribution would be negative.

They initially did try to get WSB on board w/ the DSO, with a cheeky "why let institutional investors have all the fun ;) " but as far as I understand it, WSB isn't biting.

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